28-05-2019 | Financial news | Press releases | Corporate & Ad-hoc news

paragon Considers FREP Auditing Process of Consolidated Financial Statements for 2017 Completed

Delbrück, May 28, 2019 – paragon GmbH & Co. KGaA [ISIN DE0005558696] has waived its right to be heard by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht - BaFin) on the FREP auditing process triggered by the audit of the IFRS 2017 annual financial statements of the paragon subsidiary Voltabox AG due to consolidation in the paragon Group.

  • All corrections have already been made in the IFRS consolidated financial statements for 2018

  • Management aims for prompt publication of the errors identified by the FREP

  • Publication will follow receipt of the respective notice from the BaFin by the German Federal Gazette